Nov surplus on bank forex transactions US$36.6 bln, Xinhua says

Foreign exchange settlement of Chinese banks amounted to US$164.7 billion in November while sales stood at US$128.1 billion, leading to a US$36.6 billion surplus for the month, Xinhua news agency reported Monday, citing the State Administration of Foreign Exchange. It marked the fourth month in a row that the country recorded surplus in bank foreign exchange transactions, the report said, also noting that the surplus was the highest in four months. The increase was mainly attributed to higher trade surplus, which rose 73.4 percent year on year in November to US$33.81 billion yuan.

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